Sunrun Secures $630 Million In Residential Solar Project Financing

Solar power service provider Sunrun has secured financing to support the purchase and installation of more than $630 million in home solar projects across the U.S. The company says it has financing commitments from previous and new investors, including JPM Capital Corp., a subsidiary of JPMorgan Chase & Co.

‘Commitments from established investors like JPMorgan highlight the strength of Sunrun's business model and the excitement around residential solar,’ says Sunrun co-Founder and co-CEO Edward Fenster. ‘We have maintained an uninterrupted source of project finance during this time of explosive growth and the expiration of the federal grant program.’